Freight Market Equilibrium Theory

Balance Theory of Cargo Markets There are various products in the maritime trade route of the world. Business operators will charge for services offered as necessary. Changes in these costs are as broad as the product, as it reflects both the shipowner's cost and the special conditions of the trade route through which the ship passes. The shipping fee can be explained as the price provided by the water carrier. Each ship operator develops its own rate and usually does not negotiate with the shipper.

Behavior finance is one of the most sought-after themes, as well as prisoners' dilemmas and Nash equilibrium in game theory. In order to evaluate the hypothesis that an efficient market hypothesis is Nash equilibrium, we design the theory of two person game. Let's consider a very simple model. We analyze two participants, hedge fund A and hedge fund B, and their arbitrage position trying to exceed market inefficiency. We adopt a very fundamental arbitrage trading approach where global corporate stocks are sold at two different prices, assuming the New York Stock Exchange and the London Stock Exchange are $ 8 and $ 3, respectively. Players are trying out long and short stock market shares on various exchanges to maximize profits with repetitive prisoners' dilemma games and to play games more than once in a market where all information is not readily available . As a result, hedge fund A & B can deal with inefficient and efficient market and arbitrage price difference. EMH and I-EMH are two strategies

To summarize the game theory model discussed in this paper, Nash equilibrium in a prisoner's dilemma game where pricing inefficiency drives the desire of two participants to the market efficiency is an effective market hypothesis hypothesis It is a performance. In this paper we do not explain the efficiency of various forms such as weak form, semi-strong form, strong form efficiency, so we raise criticisms of the question, the degree of freedom of evaluation and the current Nash equilibrium scheme. Poundstone (1992) says, "The limits of repeated prisoners' dilemmas may be unknown, but there is a good limited strategy, ignorance is happiness: TIT FOR TAT continues with a comprehensive strategy of Nash equilibrium The hypothesis model of the basic rules of the market casts doubts about a certain defect strategy (Nash Equilibrium), which repeatedly prove the rules of cooperation (Axelrod, the tournament).

Competition dynamics in the European smartphone market shows that it is an example of incomplete competition with certain aspects of Nash equilibrium. Nash equilibrium developed by mathematician John Nash is part of game theory and explains how each player knows strategies of all other players in a non-cooperative game with two or more players I will. However, if some participants gained more through cooperation, the results may not be optimal. However, it is necessary for participants to agree to change the strategy. If another player does not follow the change strategy, the player who changed the strategy will fail.